Arada Enters Syria Via Partnership With Syrian Sovereign Fund To Develop $7bn Mixed-Use Megaproject In New Damascus
Arada, one of the world's fastest-growing master developers, has announced its entry into the Syrian Arab Republic through a joint venture with the state-owned Syrian Sovereign Fund. The joint venture’s first project will be the development of a major new fully integrated city on a four million square metre site west of Damascus. Arada and the Syrian Sovereign Fund will act as partners on the project, with the master plan to be developed in close partnership with the relevant Syrian government authorities and fully aligned with the country's national reconstruction priorities and development goals. Both entities are currently working together to identify